Rio Tinto, Turquoise Hill Resources and Mongolia reach Oyu Tolgoi agreement
Rio Tinto, Turquoise Hill Resources and the government of Mongolia have reached an agreement that will move the Oyu Tolgoi project forward.
Source: globalminingreview.com
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USD 2.3 billion debt obligation in Oyu Tolgoi project waived
'Confirmation for debt forbearance and current outstanding balance' has been signed today by N.Tserenbat, CEO of Erdenes Oyu Tolgoi LLC and Luke Colton, Chief Financial Officer at Turquoise Hill Resources. This means Mongolia's USD 2.3 billion debt for its share (34 percent) in the Oyu Tolgoi copper-gold project has been completely waived by Oyu Tolgoi Netherlands (OTN).Per the terms of the Amended and Restated Shareholders’ Agreement dated 8 June 2011, USD 2.3 billion loans were provided to fund the capital contributions of Erdenes Oyu Tolgoi (EOT) to OT LLC in respect of com...
Source: montsame.mn
Turquoise Hill Announces Start of Oyu Tolgoi Underground Mine, Renewed Partnership with the Government of Mongolia and a Comprehensive Funding Arrangement for its World Class Oyu Tolgoi Mine
/PRNewswire/ - Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today announced that it has successfully reached a mutual understanding for a...
Source: prnewswire.com
Rio Tinto: Oyu Tolgoi partners reach comprehensive agreement and approve commencement of underground mining operations
Rio Tinto, Turquoise Hill Resources (TRQ) and the Government of Mongolia have reached an agreement that will move the Oyu Tolgoi (OT) project forward, resetting the relationship between the partners
Source: finanznachrichten.de
Turquoise Hill Announces Start of Oyu Tolgoi Underground Mine, Renewed Partnership with the Government of Mongolia and a Comprehensive Funding Arrangement for its World Class Oyu Tolgoi Mine
/PRNewswire/ - Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") today announced that it has successfully reached a mutual understanding for a...
Source: prnewswire.com